Phoenix Motor Inc. · OTC:PEVM
Phoenix Motor — IPO Roadshow (February 2022)
25 slides from Phoenix Motor's IPO roadshow presentation, Feb 4, 2022
Slide 1: Roadshow Presentation February 2022
PHOENIXMOTORCARS.COM 1 ROADSHOW PRESENTATION FEBRUARY | 2022
Slide 2: Free Writing Prospectus
PHOENIXMOTORCARS.COM 2 Free Writing Prospectus We have previously filed a registration statement on Form S - 1 (including a preliminary prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this presentation relates . The registration statement has not yet bec
Slide 3: Offering Summary
PHOENIXMOTORCARS.COM 3 ISSUER: Phoenix Motor Inc. (“Phoenix Motor” or the “Company”) PROPOSED EXCHANGE / SYMBOL: NasdaqCM / PEV, PEVMW OFFERING SIZE: $20.0 million (excluding 15% over - allotment option) OFFERING TYPE : Initial Public Offering SECURITIES OFFERED: Units (1 share of common stock & 1 w
Slide 4: Executive Summary
PHOENIXMOTORCARS.COM 4 TWO BRANDS • Established in 2003, close to 20 years EV experience • 50+ customers and over 100 vehicles deployed • Over 3 million miles on the road COMMERCIAL VEHICLES LIGHT DUTY VEHICLES • Launched in 2020 Pickup Truck and Delivery Vans • Future concept Pickup Truck and Deliv
Slide 5: Phoenix is an Industry Pioneer Developing Consumer and Commercial EVs
PHOENIXMOTORCARS.COM 5 Founded in 2003 in California, Phoenix is an Industry Pioneer Developing Consumer and Commercial EVs with close to 20 YEARS Experience with 3M+ Driving Miles Developing cutting edge zero emission drivetrains for medium duty vehicles 2010 Founded in 2003 in California 2003 1 st
Slide 6: Our Mission
PHOENIXMOTORCARS.COM 6 To Be Leaders in Sustainable Transportation with Focus on Developing Inte l ligent, Energy Efficient and Innovative Design. SHUTTLE BUSES SCHOOL BUSES WORK TRUCKS CITY DELIVERY LAST MILE DELIVERY PICKUP TRUCKS OUR MISSION
Slide 7: Investment Highlights
PHOENIXMOTORCARS.COM 7 Key Relationships with OEMs, Customers and Dealerships Flexible Asset Light Business Model Capabilities to Design, Develop and Deliver EVs Experienced and Proven Management Team PEV 1 3 4 5 Multiple Revenue Streams 2 INVESTMENT HIGHLIGHTS
Slide 8: Management Team
PHOENIXMOTORCARS.COM 8 Tarek Helou COO Electrical Engineer with MBA graduate, and over 18 years experience in product planning and strategy focus Joe Mitchell CEO 30 years of automotive industry executive leadership experience including 20 years directly in the EV market, with an MBA from Vanderbilt
Slide 9: Industry Overview: 2030 Forecasted EV Market Size
PHOENIXMOTORCARS.COM 9 2030 FORECASTED EV MARKET SIZE COMMERCIAL LIGHT & MEDIUM DUTY EV (CLASS 3 – 6) EV CHARGERS ELECTRIC FORKLIFTS ELECTRIC PICKUP TRUCKS *Source: International Council for Clean Transportation. *Source: www.interactanalysis.com US Forklift Market: Electrification % *Source: www.mc
Slide 10: Product & Growth Strategy
PHOENIXMOTORCARS.COM 10 INTELLIGENT PICK UP / VAN Show car launch & collect initial orders Engineering & homol o gation Commercial Medium Duty EVs Industry Leading All - Electric Trucks, Shuttle Buses & School Buses Electric Forklifts Affordable, lithium - ion electric forklifts with best - in - cla
Slide 11: Zeus Electric Shuttle Buses, Trucks and School Buses
PHOENIXMOTORCARS.COM 11 Manufacturer of All - electric Medium Duty Vehicles Built in the US Up to 24 Seats Capacity Multiple Seating Configurations: ▪ Perimeter seating ▪ Forward facing seats ▪ ADA wheelchair access ▪ Luggage racks ▪ All accessories available on ICE shuttles ZEUS 400 – ELECTRIC SHUT
Slide 12: Medium-Duty EV Platform
PHOENIXMOTORCARS.COM 12 GROUND - UP DESIGN Purpose built EV chassis & vehicles for Class 3 – 6 medium - duty segment GEN - 4 Significant Cost Efficiencies Supporting Volume Growth GEN - 3 Modular Battery Packs with Liquid Cooling – Up to 160 mile range GEN - 1 Electric Drivetrain Mated to Convention
Slide 13: Efficient by Design
PHOENIXMOTORCARS.COM 13 EFFICIENT BY DESIGN ▪ Class 3 to 6 – focus class 4/5 ▪ Hi - efficiency ELECTRIC ▪ Low Floor – ergonomics and productivity ▪ Light - weight materials ▪ Leading payload to curb weight ▪ Modular Chassis – front/rear drive, range of wheelbase/GVW ▪ Long Life design ADAS AND CONNE
Slide 14: EdisonFuture Platform for Light-Duty Vehicles
PHOENIXMOTORCARS.COM 14 ▪ Maximize part commonality, including powertrain, energy storage and chassis systems ▪ Minimize production complexity and tooling ▪ Commercial platform will leverage existing customer base and sales channels 1 PLATFORM 2 PRODUCTS PICKUP Consumer & Commercial Markets VAN Cons
Slide 15: Light-Duty Electric Solar Pickup Truck & Delivery Van
PHOENIXMOTORCARS.COM 15 Innovative Flex Platform Multiple wheelbase and body configurations • Flexible Configurations including multiple wheelbase and roof height options • Developing Point2Point Autonomous Driving SHOW CARS DEVELOPED AND PRODUCTS IN EARLY STAGES OF DEVELOPMENT LIGHT - DUTY ELECTRIC
Slide 16: Chargers & EV Infrastructure
PHOENIXMOTORCARS.COM 16 INFRASTRUCTURE BILL Federal Govt. plans to support deployment of 500,000 EV chargers across the nation 12 Lvl 2 & 39 Lvl 3 CHARGERS DEPLOYED TO DATE. 22 UNITS IN BACKLOG Range of Products & Services ▪ L2 EV Chargers (AC Charging) ▪ DC Fast Charger (DC Charging) ▪ SaaS – Cloud
Slide 17: Core Technology Pillars
PHOENIXMOTORCARS.COM 17 E DRIVE TECH Integrating best of breed componentry with proprietary systems, ENERGY STORAGE Modular energy on demand MODULAR e - CHASSIS & VEHICLE DESIGN INTELLIGENT AND AUTOMATED DRIVING Vehicle Efficiency & Progressive Automation EXPERIENCE AND CONNECTED SERVICES Secure wir
Slide 18: Developing Intelligent Driving for Fleets
PHOENIXMOTORCARS.COM 18 In - Vehicle Network Distributed Controls Smart Cockpit Autonomous Drive CLOUD SERVICE APP STORE OVER - THE - AIR SOLUTIONS VIRTUAL ASSISTANT BIG DATA EXPANDING CONNECTED VEHICLE TECHNOLOGY CAPABILITIES WITH KEY LEADERSHIP TEAM ONBOARD DEVELOPING INTELLIGENT DRIVING FOR FLEET
Slide 19: Asset Light Production Model & Process
PHOENIXMOTORCARS.COM 19 ▪ Maximize output at current Anaheim, CA location through process optimization ▪ Leverage other facilities to increase output capacity through 2022 and beyond ▪ With focus upfront on the manufacturing process, this allows for the utilization of existing facilities and capacit
Slide 20: Financial Summary
PHOENIXMOTORCARS.COM 20 3,000,000+ Miles Driven 100+ Shuttle Buses & Trucks Deployed 50+ Commercial Fleet Customers 50+ Chargers Deployed Compelling history of delivering vehicles and generating revenue BACKLOG (as of 12/31/21) FINANCIAL SUMMARY FINANCIALS 9 MONTHS ENDED 9/30/21 REVENUE: $1.7 millio
Slide 21: Key Application of Funds
PHOENIXMOTORCARS.COM 21 Next Generation Commercial Chassis Asset Light CAPACITY EXPANSION • Key use of funds to develop Cost Competitive and Advanced Technology Ground up Medium - Duty Chassis Platform • Utilizing key supplier partners and targeted investment in key technologies yielding the optimum
Slide 22: Investment Recap
PHOENIXMOTORCARS.COM 22 Key Relationships with OEMs, Customers and Dealerships Flexible Asset Light Business Model Capabilities to Design, Develop and Deliver EVs Experienced and Proven Management Team PEV 1 3 4 5 Multiple Revenue Streams 2 INVESTMENT RECAP
Slide 23: Denton Peng Chairman denton.peng@spigroups.com Randy Conone SVP Investor Relations & Finance randy.conone@spigroups.c…
PHOENIXMOTORCARS.COM 23 Denton Peng Chairman denton.peng@spigroups.com Randy Conone SVP Investor Relations & Finance randy.conone@spigroups.com Chris Wang CFO chrisw@phoenixmotorcars.com Joe Mitchell CEO JoeM@phoenixmotorcars.com edisonfuture.com phoenixmotorcars.com
Slide 24: Dr. Lance Zhou years auto industry veteran. CEO of Karma Automotive; CEO and President
PHOENIXMOTORCARS.COM 24 Dr. Lance Zhou 30 years auto industry veteran. CEO of Karma Automotive; CEO and President of Beijing Foton - Daimler Automotive, and VP of Daimler Global; CEO of Naveco . PhD from Nanjing University of Science and Technology. Denton Peng 20 years of Renewable Energy industry
Slide 25: Cap Table
PHOENIXMOTORCARS.COM 25 CAP TABLE The above table includes 70,000,000 shares of common stock outstanding and owned by SPI Energy Co., Ltd. ( NasdaqGS : SPI) as of December 31, 2021, and excludes: • 4,200,000 shares of common stock issuable upon the exercise of outstanding options at an exercise pric